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AMZN 232.88-0.8%Nov 17 3:59 PM EST
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To: Victor Lazlo who wrote (123531)4/11/2001 7:01:40 PM
From: Skeeter Bug  Read Replies (1) of 164684
 
>>monetary policy was too TIGHT given the lack of inflation, not too loose<<

victor, we'll have to agree to disagree.

3 of the months prior to march 2000, money supply was cranked out at a double digit rate.

tight is relative. was it too tight to keep the malinvestment ballooning ever higher? absolutely.

but i don't think ballooning malinvestment is a good thing.

in fact, i'd say a monetary policy that allowed such malinvestment and excess was, by definition, too loose.

just want to point out the other side of the coin.
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